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Jack in the Box Inc. Message Board

  • john.heil2 john.heil2 Jun 29, 2010 1:29 PM Flag

    Stock now buy fo the year

    At least for the restaurant group, I cannot imagine a better play. JACK from 19.75 to my target of 32. in perhaps as little as 18 months, gives you all you could want. Check the oscillator going way back. Whenever JACK gets to the bottom of the oversold range, it rallies. This has never failed before. It is all the more impressive because both the short term and longer terms oscillators are right at that low point now. I simply cannot believe our good fortune at market bottoms like this when the public is throwing stock away indiscriminately and primarily by selling the index funds. As the saying goes, when the paddy wagon comes they take the good girls with the bad. And this affords the buying opportunity of the year in my opinion. Now that the company has its new credit facility lined up, they should be buying back shares hand over fist. And, you can expect a good market rally soon as well. With the strong second quarter earnings about to be announced, and the averages selling so reasonably, what's not to like. Go for it!
    Big J in L.A.

    P.S. I just arrived home today from a two week vacation in my hometown Milwaukee. I checked several of the Qdobas back there (19 in the Milwaukee area alone), and was pleasantly surprised by the consistent quality (consistent with L.A. that is), and the popularity of the brand.

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JACK
78.01+0.33(+0.42%)Dec 18 4:00 PMEST

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